A view of Bien Hoa City, Dong Nai Province. This province is expected to have a new high-tech park.— Photo chinhphu.vn

The Viet Nam-Korea Techno Park Investment and Development Joint Stock Company (VKTP) has proposed to Dong Nai Province the investment and construction of Techno Park, a Viet Nam-South Korea high tech park project.

The project is scheduled to have registered investment capital of US$150 million and be built on an area of about 300 hectares. Its location is near the Long Thanh International Airport as well as river ports and seaports to facilitate transport for import and export of goods.

This park is expected to attract a total investment of $2-3 billion from high-tech companies after six years of operation.

Cao Tien Dung, Chairman of the People's Committee of Dong Nai, said this project is suitable with the provincial policies on investment. One of the project's goals is to build a high-tech incubation centre that will support technology transfer to Vietnamese businesses.

In the late 1990s, the techno park model was born in South Korea to support small and medium-sized businesses, especially start-up companies developing new technologies, according to VKTP.

The first Techno Park in Viet Nam would support training of high quality human resources for the technological sector, and research and development of globally competitive high-tech products. At the same time, this park will also be a manufacturing area of high-tech products that have high added value and reach international standards, a VKTP representative Le Hoai Quoc told the Dau tu (Investment) newspaper.

The project will attract investment from high-tech enterprises of Viet Nam, South Korea and other countries and territories to development the core sectors of Industry 4.0 in Viet Nam. They include new computing technologies, microchips, semiconductors, blockchain, artificial intelligence and robots, advanced materials, multi-dimensional printing, unmanned aerial vehicles, biotechnology, neuroscience and environmental integration.

Quoc said the Viet Nam Techno Park will also be an independent intermediary organisation to link universities, manufacturers and the Government and support for businesses investing in the park.

This park will have many functional areas such as a research and development (R&D) centre, a human resource training centre, a high-tech innovation and incubation centre and a high-tech product production area. — VNS